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Overview

Since its formation in
1969, Security Properties and its partners have invested over $1.6
billion of equity in multifamily real estate, representing a
portfolio value of nearly $4.01 billion. Today, the Security
Properties portfolio reflects interests in 112 assets encompassing
nearly 22,140 multifamily housing units – including properties
under construction – making it one of the largest owners of
residential real estate in the country. Security Properties
believes in proactive communications with partners, lenders and
employees, and invests heavily in the training of its people to
ensure the longevity of our business relationships.

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Multifamily Housing Units

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Property Assets

$0B

Portfolio Value

Core Business Lines

Our experience
includes acquiring or developing nearly 80,000 residential units at
a cost of $5.3 billion across 530 assets. We have sold over 63,300
residential units exceeding $3.4 billion in cost across 432
assets.

Conventional

We purchase core-plus,
value-add, and opportunistic multifamily assets that produce
attractive investment returns. We seek deals that are either
off-market or thinly marketed, and that have significant upside
potential through physical enhancements or improved management.

Affordable
Housing

We utilize a variety of
funding sources and execution strategies to meet the needs of
underserved populations. Our success has been driven by a
collaborative approach that leverages the expertise of our own
team, as well as that of our public, private, and non-profit
partners.

Development

We strive to create a sense of
unity and ownership among residents, retail partners, and the
greater community. We approach development with a long-term
perspective, promoting sustainable construction practices and the
creation of a unique sense of place and identity for our
residents.

Our History

Security Properties was
founded by Paul Pfleger in 1969 to assist clients in managing their
growing tax burdens through HUD-sponsored affordable housing
investment programs. By the middle of the 1980s, the firm had a
portfolio of more than 375 multifamily properties and a network of
thousands of private investors. At the end of 1986, Congress
amended the tax code, effectively ending the firm's syndication
activities. Mr. Pfleger recruited new management to pursue new
investment ventures, including utility metering services,
telecommunications, and cable television. As these investments were
liquidated, the firm refocused on growing its multifamily
portfolio.

By 2000, Mr. Pfleger entered semi‐retirement and a new management
team was recruited to commence acquisition and development
operations and assume responsibility for the existing portfolio of
affordable assets. The end of 2010 marked the formation of Security
Properties Residential, an affiliated property management company,
to resume Security Properties’ property management function and
complement its asset management practices.